Elon Musk Announces Leasing Plan for Tesla Model S

This transcript has been automatically generated and may not be 100% accurate.

I ... the ... so it Tesla drops the big ball ... by Amgen Jelter MarketWatch and after stringing us along for over a week Tesla Motors finally came out Tuesday ... with the really big to us ... what they're doing is they're offering it was financed deal for the new Model S electric sedan ... now ... bear in mind these are not cheap cars listed anywhere from sixty two thousand dollars probably over a hundred thousand dollars ... and here's the video works ... basically you need ten percent down to dinner ... but in most cases ... this down payment is covered by the federal tax credits that you get from Uncle Sam ... for Herb ... buying an electric car this is part of the federal government's plan to get more of those into zero emissions vehicles ... so that the yen to thirty six months to have the option to sell the car back to test ... you on most says that he's going to personally guarantee this with his own money ... so this is just the latest news from Tesla ... over the past few days we've heard that the company expects to post its first quarterly profit ever ... it also said that its running ahead on delivery targets for the Model S sedan ... and all of this is reflected in the stock profits ... over the last three months ... Tesla stock prices going up thirty one percent ... seventeen percent of that isn't just the past two days ...